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Ceragon Receives Follow-on Orders Totaling Over $19 Million From India
LITTLE FALLS, New Jersey, Aug. 1, 2019 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist, today announced that India's
About this update from Ceragon Networks Ltd.
[{"type":"text","content":"LITTLE FALLS, New Jersey, Aug. 1, 2019 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist, today announced that India's largest operators continue to rely on its IP-20 Platform and professional services to achieve nation-wide 4G coverage and network densification. Ceragon has received follow-on orders totaling over $19 million to support India's rapidly growing data demands. Shipments for these orders will commence in Q3, with most of the related revenues expected to be recognized in the third quarter. The remainder is expected to be recognized before the end of 2019.\nThese Tier 1 India operators aim to deliver the highest 4G coverage and service capacity, targeting 100% population coverage. They require a wireless backhaul partner that can support extremely large-scale network rollouts and commissioning, as well as capacity ramp-up. \nCeragon's IP-20 Platform and turnkey network rollout services simplify network expansion and densification enabling nation-wide, complete 4G service coverage at the shortest time to market, maximizing the operators' 4G service revenue potential.\nCeragon's compact all-outdoor wireless backhaul radios enable ultra-fast deployment. These low footprint solutions, allow the operators to save on site real-estate costs, optimizing their infrastructure investment, delivering significant CAPEX and OPEX savings, and ensuring long term scalability. As capacity demands surge, the IP-20 Platform supports quick and simple capacity ramp-ups with no service interruption via its unique multicore capabilities, allowing operators to instantly upgrade backhaul capacity to 1Gbps and beyond, with no additional hardware or any site visits.\n\"Over the past 5 years, Ceragon has supported India's intensive 4G rollout. Our solutions are deployed nation-wide, enabling India's operators to provide ultra-fast, innovative 4G service via exceptional high capacity and proven reliability. We are excited to continue supporting India's ongoing network expansions and densification efforts\", said Ira Palti, president and CEO of Ceragon. \"During the second half of 2019, we expect to receive additional orders that are part of the group of orders delayed versus our original expectations. All of the country's operators are preparing for the 5G spectrum auctions, which are planned for early next ...